Bitcoin’s Recent Dip: What’s Behind the Drop?

Bitcoin recently fell below $90,000, marking a sharp decline influenced by both economic and industry-specific factors.

🔹 Macroeconomic Factors

Trade Tensions: President Trump’s announcement of a 25% tariff on Canadian and Mexican imports has sparked fears of a trade war, affecting investor sentiment.

Inflation & Interest Rates: The Federal Reserve’s reluctance to cut interest rates has made riskier assets like crypto less attractive.

🔹 Crypto-Specific Events

Bybit Hack: A security breach at Bybit led to a $1.5 billion Ethereum theft, shaking investor confidence.

Memecoin Collapse: The crash of several high-profile memecoins has fueled skepticism around speculative assets.

These combined pressures have contributed to Bitcoin’s recent downturn. Are we in for more turbulence, or is this a buying opportunity? Let’s discuss! #Bitcoin #CryptoNews #MarketTrends